Investment analysts at Raymond James Financial have lowered their price target for ATS (TSE:ATS) stock from C$48.00 to C$46.00, while maintaining an 'outperform' rating. Other analysts, such as TD Securities and Scotiabank, have also adjusted their price targets, with a consensus rating leaning towards a moderate buy and a consensus price target of C$50.00. ATS shares declined 3.5% to C$39.15 on a recent trading session, trading below both its 50-day and 200-day moving averages. The firm has a 50-day simple moving average of C$41.98 and a 200-day simple moving average of C$39.36. ATS has a twelve-month low of C$29.81 and a twelve-month high of C$46.58. The company has a market cap of C$3.85 billion, a PE ratio of 43.19, and a beta of 1.36. ATS Corp, formerly ATS Automation Tooling Systems Inc, is a Canada-based company that provides automation systems, designing and building customized automated manufacturing and testing systems for customers, and offering pre- and post-automation services. The company's products include conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products. MarketBeat notes that while ATS currently has a 'Moderate Buy' rating among analysts, top-rated analysts believe these five stocks are better buys. Nuclear energy stocks are performing strongly, with Cameco Corp, Paladin Energy, and BWX Technologies all up more than 40% in 2024, indicating potential for further growth in the sector.

ATS (TSE:ATS) Price Target Lowered to C$46.00 at Raymond James Financial

Investment analysts at Raymond James Financial have reduced their price target for ATS (TSE:ATS) stock from C$48.00 to C$46.00, maintaining an 'outperform' rating. TD Securities and Scotiabank have also adjusted their price targets, with a consensus rating of moderate buy and a consensus price target of C$50.00. ATS shares fell 3.5% to C$39.15, trading below its 50-day and 200-day moving averages. The company has a market capitalization of C$3.85 billion, a PE ratio of 43.19, and a beta of 1.36. ATS Corp, a Canada-based provider of automation systems and customized manufacturing solutions, offers products such as conveyor systems, automated electrified monorails, tray handlers, and laser systems. MarketBeat highlights that while ATS has a moderate buy rating, other stocks in the nuclear energy sector are outperforming, with Cameco Corp, Paladin Energy, and BWX Technologies rising over 40% in 2024.